Skip to main content

"I'm Drowning In Debt": Man's Post About His Financial Struggle Goes Viral

A student who took an education loan of Rs 40 lakhs to study abroad found himself debt-ridden, struggling to make ends meet, and support an ailing parent. Taking to Reddit, a user named The Tech Phiopsopher shared his struggles in a long emotional post. He revealed that he took a loan of Rs 40 lakh in 2022 to pursue his Master's degree in the US. His father operated a small manufacturing business, and along with his family, they put in everything they had - emotionally and financially - to help him chase the "dream of a better future". 

However, the user said that despite completing his degree, he faced significant challenges in securing employment in the US due to the economic recession, visa restrictions, and limited internship opportunities for Indian students. "I applied relentlessly for a year, but couldn't even earn enough to cover my own living expenses. My family sent me money every month so I could eat - draining their last savings," he shared. 

I took an education loan of ₹40L to study in the US — now I'm back in India, drowning in debt, and don't know what to do
byu/theTechPhilosopher inindia

Eventually, his father's business collapsed, and his father fell ill. "They couldn't support me anymore, and I had to come back to India, heartbroken, jobless, and with a huge loan on my head," the Redditor wrote. 

Then, after months of job searching, he secured a position in India with a monthly salary of Rs 75,000. However, "my EMI is Rs 66,000/month. That leaves me with just Rs 9,000 as personal savings, now the business is running and it can support the family, and handle everything else," he shared. "I'm trying to pick up extra freelance or part-time work, but between my day job and my father's declining health, I'm emotionally and physically drained," the user wrote. 

The OP expressed feeling that his life is consumed by merely surviving this crisis. "We were a modest middle-class family... and now we're on the edge," he said. "I don't know who to turn to anymore. I'm trying to contact the bank for restructuring, applied for side gigs - but nothing has worked so far. That's why I'm here: asking Reddit for advice, guidance, or if anyone knows of individuals, or organizations that help people in situations like this," the user added. 

"If you've been through something similar or know someone who can help - even just to talk - I'd be immensely grateful," he concluded his post. 

Also Read | Employee Laid Off For Refusing To Work Overtime, Viral Post Sparks Work-Life Balance Debate

Since being shared, the post has gone viral. "Try to find freelance work in the weekends and get experience from ur current job and after 1 or 1.5 years switch ur job. Switching job increases ur package so if you are earning 75000 today you will end with higher packages later on. Just don't be disheartened n believe in urslf. Good luck to you," advised one user. 

"Try to find freelance work on the weekends and get experience from your current job and after 1 or 1.5 years, switch your job. Switching jobs increases ur package so if you are earning 75000 today, you will end with higher packages later on. Just don't be disheartened and believe in yourself. Good luck to you," commented another. 



from NDTV News- Special https://ift.tt/tyXq5Jf
Labels:

Comments

Post a Comment

Popular posts from this blog

PM Modi To Reschedule 3-Nation Europe Visit As Tensions With Pakistan Soar

Prime Minister Narendra Modi has put his three-nation Europe visit on hold as tensions between India and Pakistan have surged in the wake of the terror attack in Jammu and Kashmir's Pahalgam in which 26 civilians were killed by Pak-linked terrorists in a religiously-motivated terror attack. India responded on Wednesday with precision missile strikes on terror camps in Pakistan and Pakistan-occupied Kashmir. PM Modi, who is closely-monitoring the situation, has reportedly asked for his visit to Croatia, Norway, and the Netherlands, which was due next week, to be rescheduled. As per his original schedule Prime Minister Modi was to commence his official visit to the three nations on May 13. He was also going to participate in the India-Nordic Summit in Oslo on May 15 and 16. All three countries have been informed about the change in PM Modi's schedule. They have also been appraised about the current situation between India and Pakistan. Last month too, on the day of the Pahalga...
Post a Comment
Read more

After Nitish Kumar's 'Praise', BJP Says Doors Closed For Him

The opposition BJP in Bihar on Thursday said that its doors were "closed" for Chief Minister Nitish Kumar who dumped the saffron party a year ago, stripping it of power in the state. State BJP President Samrat Choudhary made the averment to this effect in reply to queries from journalists about the Janata Dal United leader's address to the convocation ceremony of Mahatma Gandhi Central University at Motihari. Speaking in the presence of President Droupadi Murmu and Governor Rajendra Arlekar, Mr Kumar had freely spoken of the tussle he had with the then Congress government at the Centre for getting a university approved for Motihari, where Mahatma Gandhi had launched the Champaran Satyagraha. Without mentioning Prime Minister Narendra Modi by name, Mr Kumar acknowledged that the project saw the light of the day only after a change of guard "in 2014" as the UPA government "initially refused and after much persuasion agreed in principle but did not move for...
Post a Comment
Read more

Delhi Air On Brink Of Turning "Severe", Most Polluted In India

Delhi's air quality was on the brink of the 'severe' category on Sunday with an overall AQI reading of 382 - the worst recorded in the country for the day. Fifteen monitoring stations of the city recorded air quality levels in the 'severe' zone, having AQI readings over 400, data showed. The city also recorded its lowest nighttime temperature so far, as thick smog and haze shrouded it in a dense cover during the morning and evening hours. The minimum temperature recorded on Sunday was 16.5 degrees Celsius, 1.2 degrees above normal, according to the weather department. The national capital's 24-hour average Air Quality Index (AQI), recorded at 4 pm every day, stood at 382, worsening from 316 the previous day. The locations where air pollution levels reached the 'severe' zone are Anand Vihar, Ashok Vihar, Bawana, Dwarka, Jahangirpuri, Mundka, NSIT Dwarka, Najafgarh, Nehru Nagar, Okhla Phase 2, Patparganj, Punjabi Bagh, Rohini, Wazirpur and Vivek Vihar...
Post a Comment
Read more